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. but a few days ago john boehner said something very, very telling. he told politico, quote, which is a place for everything. hold everything. there is a price for everything. that, ladies and gentlemen is transactional politics at its finest. what will you give me to get what you want? so, today president obama dispatched his top economic advisor, his deputy to find out exactly what that price is. and that's treasury secretary timothy geithner net with the top four congressional leaders pelosi, ma con el, mcconnell and reid and he brought a specific plan from the white house with him. that plan from the president in trying to resolve the fiscal cliff asks for, $1.6 trillion in new revenue. and that's supposed to come from raising taxes on the wealthiest. the president's plan asks for an extension of the payroll tax cut. and an extension of unemployment insurance benefits. it asks for a deferral of those automatic sequester cuts to defense spending and to local -- to domestic spend being. and it also asks, i love this o
crisis but john boehner came out saying that the white house has not come up with a strategy critical to votes. >> i am disappointed where we are and what has happened over the last couple weeks. but going over the fiscal cliff is serious business. >> reporter: any real deal-making is the stuff of quiet conversations and meetings. rob neighbors used the language of high-stakes diplomacy to respond to john boehner's complaint >> i thought the conversation was very direct. and as always, i appreciate directness. >> reporter: while the senate majority leader, harry reid, was very blunt about being pessimistic. >> i don't understand his brain, you should ask him. >> reporter: visiting their nation's capitol today, mixed expectations from tourists from georgia and texas >> i hope they get it, more than i did before the election. >> of course i'm nervous, you never know what politicians are going to do. >> reporter: democrats, still lifted by their election success, argued that voters chose higher tax rates for wealthy americans as part of any plan to cut the deficit. and say republicans wi
, americans. welcome to "the ed show" from new york. john boehner wants cost cutting details from the president? tonight, details on the speaker's shell game. this is "the ed show." let's get to work. >> the white house, this is not a game. i'm disappointed in what's happened. >> the speaker of the house is disappointed. he's also deceptive and dishonest. >> democrats have yet to get serious about real spending cuts. >> tonight, richard wolffe on today's nonsense from republicans and where a deal on the fiscal cliff stands. and former health insurance executive wendell potter on what obama's proposed $340 billion in medicare cuts will mean for seniors. >>> vice president joe biden stumps for the middle class at a retail store that treats its workers right. i'll talk costco and fiscal cliff with steve greenhouse of "the new york times." >>> plus hostess executives tank their company and cost the people their jobs. so why are they still demanding millions of dollars in bonuses? >>> and we'll tell you how senator john mccain fits in with congressman louie gohmert's latest conspiracy
john boehner because this is all about the president and john boehner's relationship. john boehner now, when he walks back to hc-5 and he has that meeting with a republican caucus that he's having to drag to the table to bring -- generate new revenue. he now goes back, and boehner faces a very angry caucus. tom cole came out and said, hey, let's go ahead and raise taxes. that was remarkable. eric cantor on this show said, we have to raise additional revenue. republicans have stepped forward and said that. if i were a sitting member of congress right now, a guy on this show who has said for years we have to make a deal, my response to john boehner would be very simple. just stop talking to him. don't talk to them until they make a serious offer. just don't. because this is, after all, a party that's been running the u.s. senate for years, and they've never produced a budget. if they want to offer us something serious, great. if not, well, we'll just sit back and wait. really, i've got to say, i'm really stunned by what happened yesterday, mark. tell us why it happened the way it did. >>
but hanging their heads behind closed doors. john boehner struck a defiant tone during a news conference today. he blamed the president and democrats for stalling negotiations on a debt deal. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> tough talk. it's also completely divorced from reality. right before the news conference, boehner met with treasury secretary tim geithner who offered republicans a detailed plan to avoid the fiscal cliff. it included $1.6 trillion in new revenue from tax hikes on the rich. the white house is giving $400 billion in savings from medicare and entitlements. there's also a request for at least $50 billion in infrastructure spending, mortgage relief, and other stimulus measures. none of this is a surprise to the republicans. this is what president obama campaigned on. it's also what republicans have been presented behind closed doors for weeks. "pol
in the room when harry reid was talking about john boehner's brain, that they were really infused by the election. they referenced it so many times in talking about the priorities. specifics were kind of the word of the day. everybody saying the other side has to give specifics. this morning republicans are saying don't expect any public counteroffer after what the president's team presented here, one of their big concerns is the $1.6 trillion in tax revenue over ten years. they say that's about twice where republicans think they might be able to get a deal and for them that was not a good starting point. >> kelly, can i quickly ask you why we should not expect a counteroffer interest republicans? isn't that what this whole game is about? >> reporter: public. if i didn't say public, let me emphasize. >> you did. >> reporter: we heard about the president's offer and what republicans are also saying they are trying hard to not criticize the president publicly, focus on the specifics of the deal. there are concerns about that, not wanting to spoil the move further. at least that's th
are expecting to hear john boehner's response to the president later this hour. we'll bring the speaker's remarks just ahead. time for the your business en e entrepreneur of the week. christine wants you to shop small. owner of wonder works, a charleston, south carolina, based toy store believes in cooperation instead of competition. she has a section dedicated to locally made products to make sure her customers' dollars stay local. watch your business sunday morning at 7:30 on msnbc. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> vice president joe biden went to costco yesterday. the wholesale super store, if you want mayonnaise it comes in a gallon-sized tub. biden did not opt for the may
>>> the news nation is following the exchange of fire. president obama and speaker john boehner are locked in a whatever words this afternoon one day after republicans rebuffed the president's first proposal to overt the so-called fiscal cliff. first up, the president. the president who traveled to a toy company in pennsylvania today to call on congress to extend tax cuts for the middle class. president obama playing a little hardball accusing republicans of playing politics at the expense of american families. >> it's not acceptable to me and i don't think it's acceptable to for you republicans to hold tax cuts hostage because they don't want rates on upper folks to go up. >> john boehner scheduled a last minute news conference. fired back with this. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> as the rhetoric heats up, the clock continues to tick down. after today, there are just ten legislative days on the calendar. the house announced they will be recess
that is considered right now it does give house speaker john boehner program cuts like entitlement cuts back into the conversation. we're back with the show stay with us. as i looked out across the battlefield at antietam. i saw the future of one great nation. but only barely, because the sun was like, way in my grill. george mcclellan, the general, hands me his pair of foster grant sunglasses, and i could see! my wife, mary todd, found them so fetching. >> he looked so fine i started to call him babe-raham lincoln. >> i was like, mary, please. >> you look like a baby, a literal child. i bought a pair online, shipped to 115 main st., that's my gettysburg address. i'm funny. i find them to be affordable frames, of the people, for the people, and, not, by the people, that's part of this freedom thing. end slavery, let people buy awesome sunglasses. who's behind those foster grants? abraham stinkin' lincoln. >> i came up with that slogan myself. [ ♪ theme music ♪ ] >> announcer: ladies and gentlemen, it's "the stephanie miller show." [ ♪ theme music ♪ ] [ ♪ music ♪ ] >
night and every day. moments ago, speaker of the house john boehner said this. >> the white house spent three weeks trying to develop a proposal. they call for $1.6 trillion in new taxes. calling for not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount that we would cut. i mean, it is not a serious proposal. so right now we are almost nowhere. megyn: alan colmes and lars larson are with us now. let's just focus on this debt ceiling. the reason we find ourselves about to go off the fiscal cliff with the automatic spending cuts, in part is because back in 2011, they wanted to raise the debt ceiling and the republicans said you cannot do it unless we do spending cuts. we cannot just do deficit spending. so they agree, they cut this deal, now the democrats are going to the republicans and saying, forget that. let's just in the position to get rid of it. what on earth would make them think that republicans would agree to that? >> because the president thinks he has a mandate from the whole country. he thinks he can get anything he
to avoid it, house speaker john boehner bluntly told reporters today, there is a stalemate. for his part, president obama is trying to break that stalemate by asking voters to put more pressure on the republicans. cnn chief white house correspondent jessica yellin and chief political correspondent gloria borger join us right now. gloria, guess i'll start with you. does the president have any leverage? >> he has a lot of leverage right now. i mean, if you look back to the debt ceiling in the summer of 2011, you recall the president was accused of negotiating with himself because it was sort of a time of weakness for him. right now, look, joe, he's just won re-election. 67% of the american public according to our polls believes that there should be a deal that contains a combination of spending cuts and tax increases. more than half of the american public says, you know what, we'd like the taxes on the wealthy to go up. so he does have public opinion on his side. just been re-elected. so he feels like, you know, he's got the wind at his back so to speak. >> jessica yellin, when you look at
rates on the upper income folks to go up. >> within minutes, john boehner fired back the talks are on life support. >> let's not kid ourselves. >> boehner ripped the president for sending treasury secretary ti tim geithner to capitol hill with a proposal that led mitch mcconnell literally burst out laughing. >> the white house took three weeks to respond with any kind of proposal. and much to my disappointment, it wasn't a serious one. >> their beef is the president campaigned on $800 billion in tax increases by ending the bush tax cuts for the wealthy. but is now proposing double that. $1.6 trillion. by adding tax hikes on dividends and capital gains. plus, the white house wants $50 billion in new spending next term alone in long term deal about cutting spending. >> they want to have this extra spending greater than the amount they want to cut. not serious proposal. >> but the president may have the upper hand because the fiscal cliff talks allow him to back opposition to a corner, by framing this as the republicans raising taxes. >> if congress does nothing, every family in a
john boehner today? >> you know, i do sometimes think that ronald reagan might well lose a republican primary these days because he's too moderate. somebody once said it's better than it sounds. and reagan governed in a far more moderate way than he talked before he became a politician. and i think particularly in the last four years something happened to conservatism and the republican party. my friends, tom man and norm stein got a lot of attention for their book. it's worse than what it looks. the republicans have become more radical and more determined to roll back not only parts of the new deal but parts of the great society. i don't think john boehner himself is that far to the right but he's got to worry about this caucus of his that i think does contain a lot of people who fit into that radical category and it's created a real problem for our politics, particularly in the last two years. >> and they also don't seem to really deal with facts because when you really dig down into it, the average tax rates for income 50 to $75,000, taxes were actually higher under reagan. in 2009
. president, republicans like coal. in fact, moments after that speech, house speaker john boehner emerged with his own unique brand of humbug. >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me over the last three weeks, i have been very a guarded in what i have to say. >> now, now, now, you know how this works. santa doesn't bring you anything unless you write down specifically what you want, something republicans patently refuse to do. instead, mr. boehner fell back on a plan that he keeps trotting out and that americans keep voting down. >> well, you can look at our budget from the last two years and there are plenty of specific proposals, most of which were part of the conversation that the president and i had two years ago or a year and a half ago. >> oh, yes. the paul ryan budget. because what better to bring good tidings of comfort and joy than balancing tax cuts for the rich on the backs of intitlement cuts for the working poor. mind you, that's actually a healthier reaction than that of mr. boehner's colleague in the
to pennsylvania to sell it to you. republicans aren't buying it. listen to house speaker, john boehner. >> despite the claims the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> democrats are firing right back at boehner. harry reid getting a little personal. >> i don't understand his brain, so you should ask him. okay? >> ouch. athena jones live from washington. same old same old. where do we go from here? >> that's the big question. the nice talk after the election is pretty much gone away. you mentioned one of the big sticking points, that's taxes. republicans and democrats can't agree on how to raise the tax revenue? end the bush tax cuts for the wealthy, close the loopholes, raise the capital gains taxes or all of the above. right now, they can't agree on how much money should be raised on the revenue side. let's listen to more from harry reid about the democrats stance on this. >> we are ready to protect middle class families by freezing the tax rates for the first $250,000 and letting the rates go to the same level they were during
geithner did little to change the mood on capitol hill. >> reporter: house speaker john boehner emerged from his sit- down with the president's negotiating team to declare he was disappointed. two weeks after the election, the speaker said democrats have yet to show what he called "adult leadership." >> right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they are really willing to make. >> reporter: that's not how the white house sees it. the administration called the republican position that tax rates should not change implausible after the election. and the white house warned republicans against using the debt limit as leverage to force agreement. >> asking for... that a political price be paid in order for congress to do its job, to ensure that the united states of america pays its bills and does not default for the first time in its history, is deeply irresponsible. >> reporter: at least talks are going on. the speaker and the pr
't buying in. listen to house speaker john boehner's reaction. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> didn't take very long for democrats to hit back at speaker boehner. senate majority leader harry reid got up, a little personal. >> i don't understand his brain, so you should ask him. >> i don't understand his brain. let's go to washington this morning. wow, just when we thought they were getting closer seems like they're even farther apart this morning. >> yeah, you know, the nice talk from right after the election is all gone. one of the big sticking points is something you just mentioned which is this whole idea of taxes. republicans and democrats continue to disagree over how to raise tax revenue. should they end the bush tax cuts for the very wealthy as democrats want to do? should they close loopholes, cap deductions, raise the taxes on capital gains and dividends or some combination of all of those? there's even disagreement right now on just how much money -- how much in revenue t
. >> speaker of the house john boehner giving his take on the lack of progress made in the fiscal cliff talks. and adds tensioas tensions rise capitol hill obama will be pushing his fiscal cliff plan at a toy factory today. >> peter doocy has more on that. >> the senate majority leader mitch mcconnell listening to tim geithner layout the proposal to avoid the cliff. it was so one-sided rich mcconnell reportedly said he burst into laughter. republicans claiming three want a balanced approach and they want to raise revenue without killing jobs and they are going public with their frustrations. >> i am disappointed in where we are. i am disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is , i am trying to resolve it. >> democrats want republicans to slow down and realize what they are offering is not new. it's the sail debt pl-- same de plan president obama had in the american jobs act. it's not a new stimulus it is something that has been on the table for over a year. >> something should a political price be paid in order for congress to do its job t
, but somebody better tell that to harry reid who made very derogatory statements towards john boehner yesterday. somebody better tell that to the president who threw out a plan that has massive tax increases now and very small spending cuts later, which was not the promise that he had made. so i think geithner does have a tough job ahead of him because others are poisoning the process. >> you don't think this is just posturing that we should expect at the early stages of this, john? >> well, to me, this is how a 6-year-old negotiates his bedtime is by throwing out something that's ridiculous, and that's what this president seems to be doing at this point. and the rhetoric by reid is immature at the very least, and i don't think that helps the process. i think that complicates it. >> you know, i have to say, i completely agree. the problem is for real people out in outside of the beltway, it is frightening to watch going on because it does seem like there's not a lot of real conversation or negotiating happening. my read of what's going on right now, there is a lot of posturing. this is the thea
of representatives if john boehner would allow such a bill to be brought to the house floor for a vote. here is boehner speaking about the president earlier today. >> members of his own party seem quite comfortable with sending the economy over the fiscal cliff. no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> speaker boehner doesn't want to propose spending cuts, so now he's trying to pressure the white house to do it. >> there's been no serious discussion of spending cuts so far. and unless there is, there's a real danger of going off the fiscal cliff. >> a reporter asked senate majority leader harry reid about speaker boehner's comments. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect then? >> i don't understand his brain, so you should ask him. okay? >> and, of course, another day more republicans dumping grover norquist. among nebraska and is iowa republicans, most of them told the world herald this week they could support a broad budget agreement, even if the deal en
john boehner had held a press conference and he left unanswered the president's call for decoupled that 98% from the richest 2% and he gave a pessimistic assessment of the situation. let's listen to mr. boehner. >> there's a stalemate. let's not kid ourselves. when i come out the day after the election and make it clear that republicans will put revenue on the table, i took a great risk. and then the white house spent three weeks trying to develop a proposal, and they send one up here that calls for $1.6 trillion in new taxes, calls for a little -- not even $400 billion in cuts, and they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean, it was not a serious proposal. and so right now we're almost nowhere. >> let me start with -- let me start with joy on this thing because you and i often agree. if we don't, we don't and we'll live with that. but this whole thing here, i think boehner has never accepted the fact that the rates have to go up at the top. there's something about deductions and all this finesse. they lost the debate
, the president offered a tough fiscal cliff proposal to congress, one that aides to john boehner say -- wait for it -- he's already rejected. of course he has. joining me to talk about all things politics, "new york times" columnist frank bruni and ross doufit. how many seconds was it, do you think, gentlemen, let me start with you, frank, before john boehner rejected out of hand president obama's attempt to try and do a fiscal cliff deal? >> with $1.6 trillion in new taxes, i think probably half a second. >> when you see the apparent attempt at a bipartisan lunch going on today between obama and romney, it was all very sweet and everything, the reality is the picture was about as uncomfortable as the relationship is between the two sides, and again, frank, how do we get to a better place in washington? how do we get these guys to realize, let me throw this at you. i interviewed mike tyson an hour ago. fantastic interview in many ways. what i found really fascinating and relevant to this, he talks about when he goes back to the streets he grew up in in new york, what real people care about.
to do with geithner's plan. yesterday, john boehner moved the markets higher. it was joyful talk about a possible deal, but today, it was like a break-up over tax. he went from love to disgust. here he is right after tim geithner put that deal on the table. >> no progress has been made in the talks between the white house and the house over the last two weeks. >> all right. that's pretty grim. stocks lost early games on that news and the day went downhill. harry reid slapped back. >> still waiting for a serious offer from the republicans. >> so, they agree on something. no progress. but then it actually went beyond that. reid got a little personal. >> i don't understand his brain so you should ask him, okay? >> funny, but really not so funny. so what happens when the men in charge start throwing sand in the sand box? we just go over the cliff like some are now suggesting? recall what err skine bowles said two weeks ago. >> i think that's crazy. you know, why would you bet the country? really bet the country by going over this fiscal cliff. >> crazy? betting the country? well, according
speaker john boehner walked out of his, and he dished a helping of red meat rhetoric straight to reporters. >> you know, the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable with sending the economy over the fiscal cliff. >> the speaker's remarks riled the left and provoked this response from senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> with only a handful of legislative days left on the congress's calendar before the looming fiscal cliff becomes a raw reality, will the president and house gop find a way over the latest road black and back to the bargaining table? >> why did the white house decide to have this as their opening volley when they knew the response would be a negative one that they drew? >> was it hardball opening? yeah, of course it was. the question is, what's the counteroffer? >> i would
a nonstarter. house speaker john boehner saying this is not serious. cantor echoing those remarks. they say they want to see fewer taxes and deeper cuts to entitlements. the white house is saying, okay, put your plan on the table. so they're waiting to essentially hear from republicans about what their plan is to reform entitlements. as you mentioned, president obama as part of his strategy out on the road today in the suburbs of philadelphia really trying to turn up the heat on congressional republicans to get on board with his plan to increase taxes on wealthier americans and republicans have been firing back all day long. but the clock is ticking. there is not a whole lot of time left here. you remember there was that sort of harmonious tone that came out of the first meeting that president had with congressional leaders. right now we're look at a stalemate. john boehner call this had a stalemate earlier today. president obama doesn't have any specific plans that the white house is reading out to talk to congressional leaders, but they say he will remain in contact with him in the coming
john boehner saying the situation is in a stalemate today. >> and luke russert, you covered the hill. you have a feel for what eric cantor and kevin mccarthy and the speaker is saying. is this just shadow boxing between the two sides of pennsylvania avenue or is this a serious stalemate with only ten legislative gas dais to go. >> we knew november would be for saber rattling and december would be where the deal would be put together. this is more significant than just your typical squirmish, shall we say, between both sides. john boehner saying, quote, right now we're almost nowhere. republicans were very much offended that timothy geithner brought to them a deal some of them had seen about three weeks ago and they thought was absolutely ludicrous, saying this was not a good faith effort by the white house, that in fact it was a completely illogical approach when you have a conservative house republican consfrens. what i'm hearing more than anything is that house republican aides are saying look, we have had a pathway to get to a deal before. it was apparent in 2011. why won't the wh
even as house speaker john boehner declares the negotiations are "going nowhere." >> brown: then, we turn to another congressional battle. kwame holman reports on sparring in the senate over proposals to change rules blamed for partisan gridlock. >> majority democrats want to put limits on the phil buster, a tactic used to delay legislation but republicans say the tool is key to protecting their minority rights. >> warner: on the eve of world aids day, ray suarez updates the hopes and frustrations in the fight against the deadly disease. >> brown: mark shields and david brooks analyze the weeks news. >> warner: and is the grand canyon 60 million years older than we've long thought? we ask science correspondent miles o'brien. >> brown: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: >> and by bnsf railway. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >>
plans to consider funding a third academy for next summer. >>> john boehner and other congressional leaders met with timothy giethner. it appears no progress was made in striking a compromise. boehner says he was quote disappointed with the white house officer. >>> the online gaming company zynga is indy skating it is scaling back its partnership with facebook. facebook says it will not retain what has been called an exclusive deal with zynga. >>> a number of americans filing for job claims has dropped to 393,000. it was the second straight drop after superstorm sandy caused a shark spike in unemployment applications. the four week average rose to 405,000. >>> vets can apply for jobs for up to 30 employees including toyota, home depot and the local police department. >> we're good people. we want to -- we want to work hard. we want to serve that organization. we want to better it. we want to bring in those organizations. >>> there was also a workshop to help veterans polish up their resumes. they've helped more than 14,000 veterans find jobs nationwide. >>> hostess brand says it has
speaker john boehner, the headlines, some of the details of what the white house offered. a little rundown. host: again, that's just some of the highlight from the what the white house offered from tim geithner. we'll show you that during the course of our time together. but again, we want your reaction, not just to the proposal itself but what you think congress should do about it. so if you want to give us a call, (202)585-3880 for democrats. (202)585-3881 for republicans and (202) 628-0205 for independents. "the washington post" this morning also profiles the man who delivered the message. it was tim geithner. obama's unlikely negotiator, read the headlines. another wrote that mr. geithner plans to step down in january and the fact that he selected him shows how much the president has come to rely on him. >> the huffington post if you were to go to their website has this to add to their story about the proposal itself from tim geithner saying the proposal wasn't new. that have it was presented earlier this month by the president at the white house. host: so again, to reiterate what the
on wall street thursday. stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets bounced back by the afternoon. >>> economic data was positive at home thursday. we'll see what impact there is today from grim news out of europe. eurozone unemployment has hit another record high at 11.7% in october. >>> meanwhile, a number of retailers posted poor sales hammered by superstorm sandy's impact on the northeast. >>> a bankruptcy judge has given hostess final clearance to start selling off assets and approved $1.8 million in bonuses for company executives. >>> verizon wireless tops this year's "consumer reports'" ranking of major carriers. it was at&t that came in last behind sprint and t-mobile, except among 4g users where it was the best. >>> where is the best country to be born in 2013? well, when factoring in life expectancy, divorce rates, and rainfall, it's switzerland according to "the economist." the u.s. tied with germany at 16. >>> well, why is bas
. treasury secretary timothy geithner met with house speaker john boehner and laid out a detailed list from president obama that includes $1.6 trillion in tax increase over ten years. more stimulus spending to boost the economy including home mortgage refinancing and the permanent end to congressional control over the debt ceiling. in return, president obama is offering republicans $400 billion in entitlement cuts over ten years. still to be negotiated. mr. obama also wants emergency unemployment benefits and a temporary payroll tax holiday extended along with the infrastructure spending and mortgage relief, the price tag for the president's stimulus bill could rise to $50 billion or more. after meeting with secretary geithner, speaker boehner said he didn't see any sign of compromise from the white house. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the w
john boehner also spoke to president obama on the phone last night. he said he wanted to know where the administration would rein in spending, but that he had heard nothing new. >> i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president is really willing to do. listen, i remain hopeful that productive conversations in the days ahead can be had but the white house has to get serious. >> sreenivasan: senate minority leader mitch mcconnell echoed that complaint. in a statement, he said, "today, they took a step backward and significantly closer to the cliff." conversely, white house spokesman jay carney charged republicans failed to provide any details on what they could tolerate in the way of tax increases. >> the president has always engaged in this with real numbers. when you talk about flexibility on revenue, all we've heard so far and it's welcomed, don't get me wrong, but we've heard that yes, revenue on the table but we need more than that. >> sreenivasan: away from the microphones, there were reports of possible movement. an a
's go to washington. john boehner is reswrekting the president's michelle proposal involving the fiscal cliff. let's lisp in. >> the president in the coming days. during the campaign the president pledged to american people that he would seek a balanced approach to addressing the debt with a combination of new revenues and spending cuts. the day after the election i said the republican majority would accept new revenue as part of a balanced approach that includes real spending cuts and reforms. now, the white house took three weeks to respond with any kind of a proposal, and much to my disappointment, it wasn't a serious one. still, i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce similar amount of revenue, reforming the tax code to close loopholes and lower tax rates. it's far better for the economy when the american people paver on that approach by 2-1. they favor it eep more when we can also show them that real spending cuts will, in fact, reduce the deficit. now, there have been many conversations over the l
's not going over well at all with republicans. house speaker john boehner saying no progress has been made in negotiations. mike emanuel is live on capitol hill now. what are the republican complaints, mike, and how are they pushing back at the president? >> reporter: senator john john cornyn who is a member of the rupp leadership says he thinks president obama wants to go over the fiscal cliff by proposing higher taxes, no spending cuts and no plans to save entitlements. with president obama going to pennsylvania today, the house republican whip, kevin mccarthy's office put out a video profiling a small business nearby in pennsylvania that would get hurt by a tax hike. >> i'm jerry gorsky from an engineering company. however good or bad we do is my income. this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> reporter: i mentioned president obama is going out on the trail, if you will in pennsylvania to sell his arguments. one would expect we would hear some sort of response from speaker john boehner after that. jon
from house speaker john boehner and democratic leader house democratic leader nancy pelosi. more dueling press conferences as this fight continues. dennis: more fiddling while the cliff looms. peter barnes. cheryl: for get kicking the can down the road. our next guest says the tables could be said for lawmakers to put off making the real decision on a clip for another four years. david dietz, chief investment officer, is here. you think this is a real possibility. everything stays as is because they don't cut a deal. >> for two reasons. basically austerity arguments are going to give way to pro-growth. we are in a weak economy, unemployment is close to 8%. if they raise taxes at all, it is counter to getting this economy back on track, totally inconsistent with ben bernanke anddthe federal reserve, it doesn't work. cheryl: you say ben bernanke is the only adult in the room. look at the polling of congress it makes sense. they are acting like children according to recent polls. >> ben bernanke pull those out of the worst downturn since 1930 and raised the spigot so money is flowin
-- negotiating paper, to put this in perspective what the government -- what the president sent to john boehner was more than he was asking for with debt negotiations. when the configuration in washington was to lead the same, what the senate was able to pass even when it had a filibuster, far in excess of what he campaigned on himself, something out of law land, where three weeks from the fiscal cliff, this is a serious -- almost a way to guarantee you put a stall on these negotiations or set them back ritter and understand what he is playing at. stuart: this is supposed to be just the first initial negotiating position. >> we don't have time. stuart: i had a democratic strategist earlier on the show who said don't worry about this. this is not a final result. this is not what they are trying for. just an opening gambit. what do you make of that? >> we have three weeks ago and they have wasted three weeks. john boehner offered a compromise and said you can have revenue. you asked for revenue, you asked it to come from the wealthy and we're giving it to you. let's talk about the form of what yo
. appreciate it. the battle over the fiscal cliff, certainly heating up. house speaker john boehner says the two sides are at a stalemate. no big surprise. while president obama says the only thing holding up the deal is quote a handful of republicans. here we go again. peter barnes in washington with the latest on the stalemate. peter? >> that's right, ash. speaker boehner said a stalemate, quote, let's not kid ourselves for punctuation. he and the president were both out in front of cameras today to try to convince voters that both of them are ready to keep talking. >> i'm willing to move forward in good faith. our original framework still stand. instead of raising tax rates we can produce similar amount of revenue, reforming the tax code to close loopholes and lower tax rates. >> this is not some run-of-the-mill debate. this isn't about which political party can come out on top in negotiations. and all of us will have to get out of our comfort zones to make that happen. i'm willing to do that. i'm hopeful that enough members of congress in both parties are willing to do that as well.
will get nothing done. >> the question is whether john boehner is going to be able to get that vote of the tea party members of the house. so far, what i find disgusting, if the republicans could have made this deal six months ago because they were so cocky. they figured they were going to knock obama out, it was going to be a different world. right? so they went home and said we will wait for the election. and let the people decide. we will be in charge after this eriction. guess what. >> that's what they did. and they lost. >> exactly >> bill: they got busted. they lost their ass. so now, they refuse to recognize there was an election. right? they refuse to accept the results of the election. >> you are completely right. beyond that point, i don't think they need the 80 tea party members to vote with them. they just need a coalition >> bill: you know what they need? they need to schedule a vote. >> exactly. >> bill: that's what boehner has to do. >> that's what he won't do >> bill: there is no doubt in my mind if he scheduled a vote at this poi
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